BNET Business Dictionary
Business Definition for: Contingency Plan
- a plan, drawn up in advance, to ensure a positive and rapid response to a changing situation. A contingency plan often results from scenario planning and may form part of an organization's disaster management strategy.
- action to be implemented only upon the occurrence of anticipated future events other than those in the accepted forward plan
Wiktionary Definition for: Contingency Plan
- An alternative plan to be put into operation in needed, especially in case of emergencies, or if a primary plan fails
Additional Resources
- Sweden lays contingency plan in case of flu pandemic
- STOCKHOLM AFP — Swedish health authorities presented a contingency plan in case the Scandinavian country is hit with a flu pandemic, suggesting that enough antiviral drugs be stored for at least society's most important groups. "If new variations of the flu virus lead to a world epidemic, a so-called...
- Research articles 2005-02-15
- Complying With New Business Continuity And Contingency Plan Rules
- From the executive summary: ‘Recent approval by the Securities and Exchange Commission of new business continuity and contingency plan rules has pushed select companies into a full state of preparedness. But, developing and reviewing plans to mitigate financial and operational risk during projected business disruption scenarios is akin to gazing...
- White papers 2004-10-01
- The United States Environmental Protection Agency: National Oil and Hazardous Substances Pollution Contingency Plan
- The United States Environmental Protection agency manages the National Oil and Hazardous Substances Pollution Contingency Plan Final Rule, Subpart J Product Schedule (40 Code of Federal Regulations Part 300.900), which list dispersants, surface washing agents, bioremediation agents, surface collecting agents, and miscellaneous oil spill control agents that may be used...
- White papers 2002-07-12
- Complying with New Business Continuity and Contingency Plan Rules
- Recent approval by the Securities and Exchange Commission SEC of new business continuity and contingency plan rules has pushed select companies into a full state of preparedness. But let's face it, developing and reviewing plans to mitigate financial and operational risk during projected business disruption scenarios is akin to gazing...
- Research articles 2004-10-01
- Securing crucial data: a detailed contingency plan protects data and minimizesthe ruinous effects of disasters and accidents.
- A detailed contingency plan protects data and minimizes the ruinous effects of disasters and accidents On Friday, February 26 the disaster they said couldn't happen here did happen here. At precisely 12:18 p.m. a terrorist's car bomb ripped through the parking garage...
- Research articles 1993-08-01
- ATA: ATA announces contingency plan to assist Northwest passengers.
- M2 PRESSWIRE-28 August 1998-ATA: ATA announces contingency plan to assist Northwest passengers C1994-98 M2 COMMUNICATIONS LTD RDATE:270898 American Trans Air, Inc. ATA, the principal subsidiary of Amtran, Inc. (Nasdaq/NNM: "AMTR"), said today that it will make every effort to accommodate Northwest...
- Research articles 1998-08-28
- America West Passengers Advised to Have Strike Contingency Plan.
- Knight Ridder/Tribune Business News Mar. 16 -- Erin Lowry thinks she has all the bases covered. The Tucson travel agent has searched her computer reservations system for all the flights from the Los Angeles area to Phoenix, looking for rows of empty...
- Research articles 1999-03-17
- York, Pa., Papermaking Company May Need to Implement Drought Contingency Plan.
- By Michelle Starr, York Daily Record, Pa. Knight Ridder/Tribune Business News Sep. 19--If the drought continues at the current rate, initiating the third phase of Glatfelter's contingency plan that includes curtailing production and possibly cutting positions could come sooner than expected....
- Research articles 2002-09-19
- Businessmen ask for contingency plan in case of U.S.-Iraq war.
- MEXICO CITY, Feb 17, 2003 (Cronica/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- The Industrial Chambers Confederation Concamin will meet President Vicente Fox next week to propose that the government formulate a contingency plan in case the United States attacks Iraq because the private sector...
- Research articles 2003-02-17
- Pemex contingency plan criticized by private sector.
- MEXICO CITY, Mar 14, 2003 (El Universal/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- Business representatives consider that the contingency plan of Petroleos Mexicanos Pemex in case of war in Iraq is still very poor and must be reinforced with other measures as the international...
- Research articles 2003-03-15
- International Bank of Commerce Announces Hurricane Contingency Plan
- BROWNSVILLE, Texas--BUSINESS WIRE--Aug. 22, 1999-- International Bank of Commerce announced today that a hurricane contingency plan has been put into effect for its branches in the Brownsville, Harlingen and Corpus Christi areas. All branches in these areas will be closed Sunday, Aug. 22. The branches in Corpus Christi,...
- Research articles 1999-08-23
- Contingency Planning Methodology (Contingency Planning Process)
- Many business units have existing contingency plans due to other potential hazards such as a loss of power, environmental threats, etc. Building, implementing and managing a contingency plan requires resources just as any other project. Building a actual contingency plans requires to expand the contingency plan outlines to include the...
- White papers 2003-01-01
- Contingency Planning as a Necessity
- A contingency plan is executed when the risk presents itself. The purpose of the plan is to lessen the damage of the risk when it occurs. Without the plan in place, the full impact of the risk could greatly affect the project. The contingency plan is the last line of...
- White papers 2000-09-16
- Contingency Planning For The Year 2000
- A year 2000 contingency plan is a well thought out, alternate course of action that avoids disruptions in business operations due to a date related computer error. Contingency planning is not adding more staff to a project, mandating success or increasing budgets. Every mission critical business function system, data interface...
- White papers 2000-03-08
- Model Crisis Communications and Management Plan
- In a time of crisis and/or disaster, the guidelines for normal daily operations may not be appropriate, effective, or, in the worst case scenario, possible. It is for that reason that a contingency plan must be in place. Without a contingency plan, a crisis situation may lead to irreparable damage...
- White papers 2003-03-18
- Growing the Corporate Contingency Plan
- Contingency planning is not a project that ends once the recovery manual is written and put on the shelf. It is a process that should be a corporate-wide "program" that continues to grow with the company it serves. In the not-so-distant past, contingency planning was necessary only for data processing....
- White papers 2003-01-01
- UNIONS SEEK CONTINGENCY PLAN FOR GARMENT WORKERS
- According to "Bahrain Tribune", trade union heads have called upon the Ministry of Labor to plan contingency measures to help around 1,000 garment factory workers who could be retrenched with the impending closure of a major factory in Maameer vAccording to "Bahrain Tribune", trade union heads have called upon the...
- Research articles 2007-01-08
- BAHRAIN: UNIONS SEEK CONTINGENCY PLAN FOR GARMENT WORKERS.
- According to "Bahrain Tribune", trade union heads have called upon the Ministry of Labor to plan contingency measures to help around 1,000 garment factory workers who could be retrenched with the impending closure of a major factory in Maam According to "Bahrain Tribune", trade union heads...
- Research articles 2007-01-08
- Embracing Disaster With Contingency Planning
- Too often, a good business contingency plan is not top-of-the-mind until after a problem occurs. This common sentiment has lingered in the risk management field. It wasn't an awful lot of years ago that this was an unheard of practice. The importance of contingency planning is not limited to just...
- White papers 2001-04-01
- Contingency Planning News: Working Without a Ground Crew
- The article is about the business contingency planning, it explains the risk caused in the businesses and steps to overcome the situation. It state how the risk of data loss should be managed. It discusses the need for a comprehensive training program to make a contingency plan work. It take...
- White papers 2003-01-01
